Splish Corporation is a publicly traded company and follows IFRS. On December 31, 2019, Splishs financial records indicated the following information related to the companys defined benefit pension plan:

Defined Benefit Obligation		$1,360,000
Pension Plan Assets		1,470,000

Bango Corporations actuary provided the following information on December 31, 2018:

Current year service cost		$82,000
Prior service cost, granted Jan 1, 2018		198,000
Employer contributions for the year		81,000
Benefits paid to retirees		28,000
Expected return on assets		5%
Actual return on assets		6%
Discount rate		5%

Prepare a pension worksheet for Bango Corporation for 2018.

Remeasurement Gain/Loss (OCI)

(specify debit/credit)

Annual Pension Expense

Balance, January 1, 2018

Current Service Cost

Past Service Cost

Net Interest/Finance Cost

Asset Remeasurement Gain/Loss

Employee/er Contributions to Pension Fund

Benefits Paid to Retirees from Pension Fund

Pension Expense Entry - 2018

Net Funding Entry

Balance, December 31, 2018

Prepare pension plan journal entries for Bango Corporation for 2018. (If no entry is required, select "No entry" for the account titles and enter 0 for the amounts.)

Account Titles and Explanation	Debit	Credit
(To record pension expense)
(To record payment to the pension fund)

What is the funded status for Bango Corporation at December 31, 2018?

Bango pension plan is (overfunded or underfunded) by $______ on December 31,2018